Question 942 pts

A common set of country-neutral accounting standards is known as International Financial Reporting Standards (IFRSs).

True

False

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Question 952 pts

FASB stands for ________.

Financial Accounting Standard Budget

Financial Accounting Short-Term Budget

Financial Architects Standards Board

Financial Accounting Standard Board

Financial Accountants Service Budget

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Question 962 pts

When New Fashion Stores, Inc. built 100 new stores, it recorded to outflowing cash in the ________ activities section of its statement of cash flows.

financing

investing

operating

maintaining

amortizing

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Question 972 pts

The biggest disadvantage of bond financing is the dilution of ownership.

True

False

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Question 982 pts

An airline's long-term leases of its jets are examples of current liabilities.

True

False

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Question 992 pts

All of the following are parts of the foundation of financial management EXCEPT ________.

describing the history of double entry bookkeeping

tracking past financial transactions

controlling current revenues

planning for future financial needs of the company

controlling current expenses

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Question 1002 pts

Numbers used to compare current data to data from previous years, competitors' data, or industry averages is called ________ analysis.

ratio

current

debt

inventory

equity